Bitcoin Price Today 30 Oct 2026: BTC Falls to $77K

Bitcoin is trading at $77,258 USD (₹7,361,914 INR) down 3.61% in the last 24 hours, as the crypto market grapples with the fallout from the unprecedented $6.34 billion hack at Binance. This event, which saw the exchange earmark its own funds to cover losses and freeze a significant portion of stolen assets, has sent shockwaves through the digital asset ecosystem. Ethereum also experienced a downturn, falling 4.21% to $2,228 USD (₹212,306 INR), with reports suggesting an Ethereum upgrade played a role in the exploit. The broader crypto market saw liquidations surge to $1.57 billion as prices tumbled.

Binance Hack Dominates Crypto Headlines Amidst Price Declines

The crypto market is reeling from the aftermath of a colossal $6.34 billion hack that targeted Binance, the world’s largest cryptocurrency exchange. Binance has confirmed it is utilizing its own reserves to cover the losses, a move that underscores the gravity of the situation. The exploit has been linked to an Ethereum upgrade designed to enhance wallet functionality, a twist that adds another layer of complexity to the breach. This news has undoubtedly contributed to the negative price action seen across major cryptocurrencies today, with Bitcoin trading near $77,350 USD (₹7,361,914 INR) and Ether also experiencing significant drops. The ripple effect has been felt across the derivatives market, with crypto futures liquidations spiking to an alarming $1.57 billion as traders reacted to the heightened uncertainty and price volatility.

USD/INR Dynamics and the Impact on Indian Crypto Holdings

Today, the USD/INR exchange rate stands at ₹95.29. For Indian retail investors holding cryptocurrencies denominated in USD, this rate is crucial for calculating their actual rupee returns. A stronger USD relative to the INR would generally inflate the rupee value of their crypto holdings, even if the USD price of the crypto asset remains stable. Conversely, a weaker USD would have the opposite effect. Given the current price declines in Bitcoin (-3.61%) and Ethereum (-4.21%), the rupee value of these holdings would have decreased in both USD terms and potentially in INR terms, depending on the magnitude of the USD/INR movement. For instance, if an Indian investor bought Bitcoin at $77,258 USD (₹7,361,914 INR) and it fell to $74,500 USD, the INR loss would be amplified if the USD/INR rate also moved unfavorably for INR holders.

Ethereum’s Performance and the ETH/BTC Ratio

Ethereum has seen a notable decline of 4.21% today, trading at $2,228 USD (₹212,306 INR). The ETH/BTC ratio currently stands at 0.0288, indicating that Bitcoin is outperforming Ethereum on a relative basis today. This divergence is particularly interesting in light of reports that an Ethereum upgrade may have been leveraged in the recent Binance hack. While the specific upgrade and its role are still being analyzed, any perceived security implications or operational disruptions on the Ethereum network could contribute to its underperformance against Bitcoin. For astute investors tracking the ETH/BTC ratio, this metric is a key indicator of the relative strength between the two largest cryptocurrencies. A sustained move in this ratio can signal shifts in investor preference and capital allocation within the broader crypto market.

Altcoin Vulnerability Amidst Broader Market Contagion

The sharp downturn in Bitcoin and Ethereum has naturally cast a shadow over altcoins, including Solana. Solana experienced a decline of 4.77%, trading at $95.87 USD (₹9,135 INR). The negative sentiment stemming from the major Binance hack and subsequent liquidations often spills over into the altcoin market, which is typically more sensitive to broader market shocks. With major exchanges facing security breaches and significant capital outflows, investors tend to move towards perceived safer assets within the crypto space, often meaning Bitcoin. This flight to quality, coupled with the general deleveraging across leveraged positions, can lead to disproportionately larger losses for altcoins compared to the market leaders. The interconnectedness of the crypto ecosystem means that events impacting one major player or asset can swiftly impact others, creating a contagion effect.

Crypto Fear & Greed Index Signals Investor Apprehension

The Crypto Fear & Greed Index currently sits at 30/100, firmly in the “Fear” territory. This reading suggests that prevailing investor sentiment is cautious, with a tendency towards panic selling rather than accumulation. Historically, as noted, Fear & Greed readings in the 25-45 range have often marked accumulation zones, with sustained institutional buying commencing during such periods, as observed during the March 2020 crash and in Q4 2022. While the current reading indicates fear, it also presents a potential inflection point for those looking to enter or add to their positions, provided they adhere to sound investment strategies and risk management principles. The sharp decline in prices today, coupled with the significant hack, has naturally amplified these fearful sentiments amongst retail participants.

Institutional Flows: FIIs Show Robust Buying Amidst Crypto Jitters

In stark contrast to the fear gripping the crypto markets, Indian equities are witnessing a significant influx of foreign institutional investment. Today, FIIs were net buyers to the tune of ₹3,599 Cr, a substantial figure that indicates strong confidence in the Indian equity landscape. This robust buying activity by FIIs comes despite the negative sentiment and price drops seen in global cryptocurrencies. The Nifty closed at 23053.10, reflecting the positive impact of these institutional flows on the domestic market. The divergence between institutional behavior in equities and the fear in crypto is noteworthy. While FIIs are actively deploying capital into Indian stocks, the crypto market is experiencing price declines and heightened fear, suggesting a distinct set of drivers influencing each asset class at present.

Navigating Crypto Tax Implications with Today’s Market Data

For Indian investors, understanding the tax implications of crypto transactions is paramount, especially during periods of price volatility. Let’s consider a hypothetical scenario based on today’s Bitcoin price of $77,258 USD (₹7,361,914 INR). If an investor decided to sell a portion of their Bitcoin holdings today to book profits or cut losses, they would need to calculate their gains or losses based on the purchase price and the selling price. For example, if an investor purchased 1 Bitcoin for $70,000 USD (₹6,650,000 INR) six months ago and sells it today at $77,258 USD (₹7,361,914 INR), they would realize a capital gain. According to Indian crypto tax laws, such gains are taxed at a flat rate of 30%, plus applicable surcharges and cess. This means the tax liability on this single Bitcoin transaction would be significant, calculated on the INR value of the gain. It’s crucial to maintain detailed records of all transactions, including purchase dates, prices in both USD and INR, and selling prices, to accurately report gains and losses to the tax authorities.

The FII-to-Crypto Capital Flow Thesis: A Divergent Narrative

The significant net buying of ₹3,599 Cr by FIIs in Indian equities today presents an interesting counterpoint to the prevailing fear and price declines in the cryptocurrency market. This robust inflow into Indian stocks suggests that institutional capital is finding attractive opportunities within traditional markets, possibly viewing them as a more stable or predictable investment avenue compared to the current crypto landscape, which is grappling with a major security breach. The thesis here is that while both asset classes are global, their immediate drivers and perceived risks can differ. FIIs may be leveraging the current Nifty levels (closing at 23053.10) and economic outlook for India, while crypto investors are reacting to the immediate shock of the Binance hack. This divergence highlights that institutional capital does not necessarily flow uniformly across all asset classes; rather, it is allocated based on specific risk-reward assessments pertinent to each market segment.

FII/DII Flow Analysis: A Snapshot of Institutional Activity

The following table provides a clear view of Foreign Institutional Investor (FII) and Domestic Institutional Investor (DII) net flows over the last five trading sessions, alongside the Nifty’s closing values:

Key Levels to Watch for Nifty Amidst Institutional Momentum

With FIIs showing strong net buying of ₹3,599 Cr and DIIs also exhibiting significant activity over the past sessions (though net sellers today), the Nifty has shown resilience, closing at 23053.10. Key support for the Nifty, based on recent flow direction and price action, would be around the 22,900 mark, where earlier resistance was encountered. A decisive breach below this level, especially on increased selling pressure, could signal a short-term correction. On the upside, with continued FII buying and positive momentum, the Nifty could eye the 23,200 to 23,300 range. Sustained buying at these levels, coupled with a positive global sentiment (which is currently overshadowed by the crypto hack), would be crucial for further upward movement. Any significant shift in FII flows, either a sharp reversal to selling or an even larger buying spree, will be the primary determinant of near-term direction.

Frequently Asked Questions

Q: What did FII buy or sell on 2026-10-27?

A: On 2026-10-27, FIIs were net buyers in Indian equities to the tune of +₹4,240.39 Cr.

Q: What did DII buy on 2026-10-29?

A: On 2026-10-29, DIIs were net buyers of Indian equities to the tune of +₹1,924.41 Cr.

Q: Is FII buying or selling in October 2026?

A: FII activity in October 2026 has shown a mixed but generally positive trend. While there have been days of net selling (e.g., 2026-10-26 and 2026-10-29), the overall picture, especially with today’s substantial buying of +₹3,598.54 Cr and a strong day on 2026-10-27 (+₹4,240.39 Cr), indicates a net buying bias for the month so far.

Bottom Line

Today’s crypto market is dominated by the fallout from the massive Binance hack, leading to significant price drops and increased liquidations, pushing the Fear & Greed Index into “Fear” territory. This contrasts sharply with the robust FII inflows into Indian equities, signaling strong institutional confidence in domestic stocks despite global crypto turmoil. Indian investors must remain cognizant of the USD/INR rate’s impact on their crypto returns and the tax implications of any transactions. While the current fear in crypto might present accumulation opportunities for the long-term, the immediate focus for traditional markets remains on sustained institutional buying trends.